BSE to automate next year - Mendis

The Botswana Stock Exchange (BSE) is set to shift from floor trading to automated trading next year, a development that should help oil the highly illiquid bourse.

In an interview with Reuters, the Chief Executive Officer of the BSE, Hiran Mendis, said the bourse should fully automate early next year and improve liquidity levels which have deterred foreign interest.

Mendis said electronic trading should arrive in the first half of 2011, to be followed some time after that by Internet-based trading.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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